Japan’s finance minister says stimulus package to exceed $110b, Nikkei reports

Japan’s economic stimulus package will exceed 17 trillion yen ($110 billion), Finance Minister Satsuki Katayama said after meeting with Prime Minister Sanae Takaichi, the Nikkei business daily reported on Sunday.

Since taking office in October, Takaichi has pledged to compile a sizeable package of spending measures to cushion the economic blow from rising living costs, and boost investment in growth areas such as artificial intelligence and semiconductors.

The administration is expected to finalise the package with approval by the cabinet on November 21.